DSIJ Mindshare

It would be interesting to see whether or not bulls continue their last session momentum on Friday. Early cues from the SGX Nifty indicates that Nifty may open the session on a lacklustre note as SGX Nifty is trading lower by 17 points at 11,287. Nifty has an immediate hurdle at 11,300 and a breakout above this level would provide the much-needed impetus to the bulls. On the earnings front, Bajaj Auto, CESC, CUB, Dr Reddy’s Laboratories, Engineers India, IOC, Sobha and UPL will report their results today.

Auto component manufacturer Minda Industries reported its results for Q4FY19 and financial year ended March 31, 2019, during market hours on Thursday. The slowdown in auto sector is evident from the numbers on auto ancillary company. The sales growth is muted with just 8 per cent increase for Q4FY19 on a YoY basis.

The Indian benchmark indices BSE Sensex and NSE Nifty ended in the green at the close of today’s market hours. The Sensex closed at 37,393.48, up 0.75 per cent or 278.60 points, while Nifty closed at 11,257.10, up 0.90 per cent or 100.10 points.

One of the basic fundamental theory on finance suggests that higher beta should be giving higher returns. Read on to find why this is not the case.

Ingersoll-Rand (India) Ltd reported mixed set of numbers for the quarter ended March 2019.